Albemarle to Expand Production in China
March 3, 2008
According to the Associated Press, chemical producer Albemarle Corp. said recently it plans to more than double the antioxidant production capacity of Shanghai Jinhai Albemarle Fine Chemicals Co. Ltd., part of a joint venture it gained a majority stake in last year.
The joint venture currently supplies antioxidants, used to preserve and enhance chemicals, to Chinese petrochemical companies from two production sites in China.
Albemarle did not disclose the size of the expansion or capital investment in a release.